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Greater Boca Raton Beach & Park District OCEAN BREEZE GOLF COURSE

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Greater Boca Raton Beach & Park District OCEAN BREEZE GOLF COURSE FINANCIAL PRO FORMA

Na tio na l & L o c a l Histo ry GOL F COURSE S SIZE L OCAT ION ROUNDS 2016 COST PE R City o f Bo c a Ra to n Munic ipa l 27 Bo c a Ra to n, F L 73,512 $50 Cha mpio ns Ga te Go lf Co urse 36 Da ve npo rt, F L 56,000 $150 E lks Run Go lf Club 18 Ba ta via , OH 27,081 $59 Pa lm Be a c h Co unty, Jo hn Princ e Go lf Ce nte r 3 F L 7,898 $15 Me a do wb ro o k F a rms Go lf Club 18 K a ty, T X 36,000 $89 Pa lm Be a c h Co unty, Oke e he e le e 27 F L 72,373 $30 Pa lm Be a c h Co unty, Ospre y Po int 27 F L 93,538 $40 Pa lm Be a c h Co unty, Pa rk Ridg e 18 F L 44,858 $35 * Po mpa no Be a c h -Pine s Co urse 18 Po mpa no Be a c h, F L 39,000 $65 * PGA We st Gre g No rma n Co urse 18 L a Quinta , CA 34,621 $189 Sto ne Ca nyo n Go lf Club 18 Blue Spring s, MO 25,000 $56 Pa lm Be a c h Co unty, So uthwinds 18 F L 50,448 $30 T PC a t Sug a rlo a f Go lf Club 18 Duluth, GA 26,000 $165 T PC o f Sa n Anto nio 36 Sa n Anto nio , T X 51,106 $219 T he Go lf Club a t Cha mpio ns Circ le 18 F o rt Wo rth, T X 33,970 $79 No te : I nfo rmatio n o b taine d fro m the Natio nal Go lf F o undatio n (NGF ) and City and Co unty pub lic atio ns.

Co mpa ra b le Fa c ilitie s G O L F CO URSES 2016 Re ve nue 2016 Expe nse Ne t Inc o me City o f Bo c a Ra to n Munic ipa l $1,908,471 $2,386,487 * ($478,016) O spre y Po int $3,658,863 $1,895,172 $1,763,691 * So uthwinds $1,607,227 $1,435,853 $171,374 * Inc lude s $200,000 fo r adm inist rat io n and I.T .

E stima te d Re ve nue s & E xpe diture s fo r Oc e a n Bre e ze Go lf Co urse Re ve nue So urc e Q ua ntity F e e Ne t Inc o me * ** Ro unds 75,000 $50 $3,750,000 Me rc handi se Sale s NA $100,000 $100,000 Ho te l Gro und L e ase NA $300,000 $300,000 $4,150,000 T ota l R evenue $2,200,000 E xpenses *** $1,950,000 Net O pera ting * Base d o n ro unds at Bo c a Munic ipal Co urse ** Base d o n Po m pano Be ac h Gre g No rm an Go lf Co urse *** Base d o n Bo c a Munic ipal Co urse Expe nse s

Greater Boca Raton Beach & Park District OCEAN BREEZE GOLF COURSE