Discuss the Future of Mt Ogden Golf Course
Public Invited to Discuss Options for
Mt Ogden Golf Course
The public is encouraged to voice their opinions about the future of city-owned Mt Ogden Golf Course. Built in the early 1980s, this golf course has never been profitable and is currently in debt by about $2 million. Mayor Godfrey says quick and drastic measures are necessary. He has identified four possible strategies so far, but says he hasn’t determined which option is best. He is seeking input from both the city council and the public, and encourages residents to offer other suggestions.
1. Tax Increase: A voter-approved tax increase to subsidize Mt Ogden Golf Course and allow operations to remain unchanged.
2. Course Redesign: Issue about $6 million in voter-approved bonds to redesign Mt Ogden Golf Course to make it more playable for the general public.
3. Convert to Nature Park: Close Mt Ogden Golf Course and convert the property into a nature park with hiking and biking trails.
4. Improvement District Tax: Place Mt Ogden Golf Course in a special improvement district so that property owners nearest the facility could be taxed to fund the operations.
If you would like to offer suggestions or voice opinions regarding Mt Ogden Golf Course’s future, please use this email address MtOgdenGolfCourse@ogdencity.com to provide input. Your opinions matter and our community is what we make of it. Take this opportunity to share your thoughts and to discuss the options currently being considered.
| GOLF FISCAL YEAR FINANCIAL |
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| MT OGDEN |
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| Fiscal Year Comparison |
2004
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2005
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2006
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2007
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| Revenue: |
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Charges for Services - 4 |
$ 446,147 |
$ 419,825 |
$ 433,431 |
$ 452,379 |
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Other Operating Revenue - 7 |
$ 3,594 |
$ 4,163 |
$ - |
$ 2,790 |
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Total Operating Revenue |
$ 449,741 |
$ 423,988 |
$ 433,431 |
$ 455,169 |
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| Expenditures: |
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Compensation & Benefits - 11 |
$ 295,031 |
$ 314,131 |
$ 302,492 |
$ 278,537 |
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Supplies - 12 |
$ 62,939 |
$ 30,766 |
$ 45,565 |
$ 40,829 |
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Charges for Services - 13 |
$ 43,208 |
$ 29,857 |
$ 37,390 |
$ 44,252 |
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Other Operating Expenses (w/o Depreciation) - 14 |
$ 231,474 |
$ 208,287 |
$ 195,573 |
$ 207,194 |
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Data Charges - 15 |
$ 7,000 |
$ 5,500 |
$ 5,500 |
$ 5,575 |
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Operating Capital Expenses - 3 |
$ 486 |
$ 2,100 |
$ 2,678 |
$ 2,321 |
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Total Operating Expenses |
$ 640,138 |
$ 590,641 |
$ 589,198 |
$ 578,707 |
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Operating Income (Loss) |
$ (190,397) |
$ (166,653) |
$ (155,767) |
$ (123,538) |
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| Non-Operating & Common Expenses: |
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Non Operating Revenue |
$ - |
$ - |
$ - |
$ - |
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Depreciation - 14500 |
$ 29,455 |
$ 68,210 |
$ 68,210 |
$ 68,210 |
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Overhead - 21100 |
$ 28,470 |
$ 30,350 |
$ 19,799 |
$ - |
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Non Operating Expenses |
$ - |
$ - |
$ - |
$ - |
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Total Non-Operating & Common |
$ 57,925 |
$ 98,560 |
$ 88,009 |
$ 68,210 |
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Net Operating Income/Loss |
$ (248,322) |
$ (265,213) |
$ (243,776) |
$ (191,748) |
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Debt Service Interest Expense |
$ 19,675 |
$ 65,091 |
$ 79,463 |
$ 100,629 |
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Net Income (Loss) |
$ (267,997) |
$ (330,304) |
$ (323,239) |
$ 46,848 |
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| General Information |
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Transfers from General Fund to Cover Deficits |
$ - |
$ - |
$ - |
$ (339,225) |
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| Notes Payable Balance at June 30th: |
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Perpetual Care Fund |
$ 475,697 |
$ 493,313 |
$ 513,045 |
$ 443,342 |
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Sewer Fund |
$ 247,464 |
$ 256,628 |
$ 266,894 |
$ 177,569 |
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Notes Payable Total From Original Borrowings |
$ 723,161 |
$ 749,941 |
$ 779,939 |
$ 620,911 |
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Note Payable General Fund to Cover Deficit (1) |
$ 808,000 |
$ 1,039,000 |
$ 1,272,000 |
$ 1,336,419 |
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Total Debt June 30 |
$ 1,531,161 |
$ 1,788,941 |
$ 2,051,939 |
$ 1,957,330 |
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(1) Estimated cash deficit for FY 04 to FY 06 |
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Actual note in FY 2007 |
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