Presentation FY 2020/2021 Governing Board Workshop May 15, 2020 - PowerPoint PPT Presentation

Budget Presentation FY 2020/2021 Governing Board Workshop May 15, 2020

FY 20-21 Budget Highlights  Operational Expenses  Operational Revenues  Annual Dues and Fees  Capital Funding  Capital Expenditures  Water Conservation  Range of Risk

Operational Expenses

Operational Expenses

Operational Expenses Operating Expenses 2% Utilities 11% Repairs & Maintenance 7% Interest & Financial Expense 2% Salaries, Wages & Benefits Taxes, Licenses, & 63% Insurance 3% Supplies & Services 3% Landscape Maintenance 6% Other 3%

Operational Expenses Minimum Wage 2016-2020 Min Wage % Increase $15.00 246 (52%) of our 25% 24.2% employee base are governed by minimum wage laws $13.00 20% $12.00 $11.00 15% $11.00 $10.50 $10.00 9.1% $9.00 10% $8.05 4.8% 5.0% $7.00 5% $5.00 0% 2016 2017 2018 2019 2020

Operational Revenues

Operational Revenues

Operational Revenues Golf Fees 33% Bowling 3% Membership 58% Ancillary Revenue 3% Special Events 1% Merchandise Sales 1% Other Food & Beverage 0% 1%

Annual Dues and Fees

Membership Dues Purpose of managing, maintaining or improving the property and in which the owners of separately owned lots, parcels or units are mandatory members and are required to pay assessments to the association for these purposes .

Owner Member Dues ❖ Landscaping ❖ Staffing ❖ Maintenance ❖ Facilities ❖ Golf Courses ❖ Facilities ❖ Benefits ❖ Right of Way ❖ Aquatics ❖ Insurance ❖ Legal Fees ❖ Casualty ❖ Equipment ❖ Property ❖ Parking Lots ❖ Security ❖ Utilities ❖ Gas ❖ Golf ❖ Water ❖ Audit Fees ❖ Power

Membership

Membership

Membership Increase in Dues is: $0.05 per day / $1.40 per month

10.0% 15.0% 20.0% 25.0% 0.0% 5.0% Membership 1993 1994 0.0% 0.0% 1995 1996 15.0% 1997 0.0% 1998 0.0% 1999 5.1% 2000 0.0% 11.3% 2001 2002 14.9% 2003 2.4% 2004 3.4% 2005 15.0% 2006 8.7% 2007 14.7% 2008 14.7% 2009 9.8% 2010 3.7% 2011 5.3% 2012 4.2% 2013 4.1% 2014 6.0% 2015 0.0% 2016 2.9% 2017 3.6% 2018 2.3% 2019 4.5% 2020 3.2% 2021 3.5%

Golf Sports Pavilion

Golf Fees Fee Increase Round Type July-September October November-April May June Resident Regulation Executive Regulation Executive Regulation Executive Regulation Executive Regulation Executive 18 Hole $ 22.00 $ 18.00 $ 32.00 $ 28.00 $ 39.00 $ 35.00 $ 32.00 $ 28.00 $ 22.00 $ 18.00 9 Hole $ 15.00 $ 11.00 $ 23.00 $ 19.00 $ 28.00 $ 24.00 $ 23.00 $ 19.00 $ 15.00 $ 11.00 * Twilight $ 15.00 $ 11.00 $ 20.00 $ 16.00 $ 26.00 $ 22.00 $ 20.00 $ 16.00 $ 15.00 $ 11.00 ** Super Twilight $ 13.00 $ 9.00 $ 14.00 $ 11.00 $ 19.00 $ 16.00 $ 14.00 $ 11.00 $ 13.00 $ 9.00 Kachina 18 Hole $ 11.00 $ 9.00 $ 16.00 $ 14.00 $ 20.00 $ 18.00 $ 16.00 $ 14.00 $ 11.00 $ 9.00 9 Hole $ 8.00 $ 6.00 $ 12.00 $ 10.00 $ 14.00 $ 12.00 $ 12.00 $ 10.00 $ 8.00 $ 6.00 * Twilight $ 8.00 $ 6.00 $ 10.00 $ 8.00 $ 13.00 $ 11.00 $ 10.00 $ 8.00 $ 8.00 $ 6.00 ** Super Twilight $ 7.00 $ 5.00 $ 7.00 $ 6.00 $ 10.00 $ 8.00 $ 7.00 $ 6.00 $ 7.00 $ 5.00 Coyote 18 Hole $ 17.00 $ 14.00 $ 24.00 $ 21.00 $ 29.00 $ 26.00 $ 24.00 $ 21.00 $ 17.00 $ 14.00 9 Hole $ 11.00 $ 8.00 $ 17.00 $ 14.00 $ 21.00 $ 18.00 $ 17.00 $ 14.00 $ 11.00 $ 8.00 * Twilight $ 11.00 $ 8.00 $ 15.00 $ 12.00 $ 20.00 $ 17.00 $ 15.00 $ 12.00 $ 11.00 $ 8.00 ** Super Twilight $ 10.00 $ 7.00 $ 11.00 $ 8.00 $ 14.00 $ 12.00 $ 11.00 $ 8.00 $ 10.00 $ 7.00 Family Guest Pass 18 Hole $ 31.00 $ 26.00 $ 44.00 $ 39.00 $ 55.00 $ 51.00 $ 44.00 $ 39.00 $ 31.00 $ 26.00 Guest/Public Play 18 Hole $ 31.00 $ 26.00 $ 44.00 $ 39.00 $ 55.00 $ 51.00 $ 44.00 $ 39.00 $ 31.00 $ 26.00 9 Hole $ 22.00 $ 16.00 $ 32.00 $ 27.00 $ 40.00 $ 35.00 $ 32.00 $ 27.00 $ 22.00 $ 16.00 * Twilight $ 22.00 $ 16.00 $ 30.00 $ 25.00 $ 37.00 $ 32.00 $ 30.00 $ 25.00 $ 22.00 $ 16.00 ** Super Twilight $ 16.00 $ 12.00 $ 20.00 $ 15.00 $ 22.00 $ 18.00 $ 20.00 $ 15.00 $ 16.00 $ 12.00 Public Frequent Play 18 Hole $ 17.00 $ 14.00 $ 24.00 $ 21.00 $ 29.00 $ 26.00 $ 24.00 $ 21.00 $ 17.00 $ 14.00 9 Hole $ 11.00 $ 8.00 $ 17.00 $ 14.00 $ 21.00 $ 18.00 $ 17.00 $ 14.00 $ 11.00 $ 8.00 * Twilight $ 11.00 $ 8.00 $ 15.00 $ 12.00 $ 20.00 $ 17.00 $ 15.00 $ 12.00 $ 11.00 $ 8.00 ** Super Twilight $ 10.00 $ 7.00 $ 11.00 $ 8.00 $ 14.00 $ 12.00 $ 11.00 $ 8.00 $ 10.00 $ 7.00 Unlimited Annual Golf Card $ 3,350 18 Hole Golf Cart Rental - Per Person $ 14 Kachina Card $ 895 9 Hole Golf Cart Rental - Per Person (includes Twilight & Super Twilight) $ 7 Deduct $100 when Unlimited or Kachina cards are purchased within year in the same household Golf Club Rental $ 15 Coyote Card $ 325 Pull Cart Rental $ 3 Public Frequent Play Card $ 1,400 Range Ball Key - Member $ 90 Range Ball Key - Public $ 99 Twilight Card $ 1,250 Range Balls $ 2

Golf Fees Rate Changes

Fee Increase Current Fees Effective Amt Fee Description FY19-20 FY20-21 Changed Open Play - Per Line Fee Resident Open Bowling $ 2.65 $ 2.80 $ 0.15 Resident Open Bowling - After 8:00 pm 2.00 2.50 0.50 Guest and Non-Resident Open Bowling 3.20 3.35 0.15 Guest and Non-Resident - After 8:00 pm 2.40 2.90 0.50 Bowler Incentive Program: Sports Pavilion Discount Rates per line are for open play by league bowlers Bowler must be enrolled and active in league(s) for discount Discounts for Fall leagues will expire on April 30th. Discounts for summer leagues expire on August 30th. 0.15 0.15 Bowling in 1 League - discount per line 0.00 Bowling in 2 Leagues - discount per line 0.20 0.20 0.00 League Fees 25.00 25.00 CNP annual fee for September 1st to August 31st 0.00 CNP annual fee for January 1st to April 30th 12.00 12.00 0.00 (CNP names change pending Board policy approval) Other Pricing Charter Club Special - minimum of 10 club members - 3 games 6.00 6.25 0.25 League play - 3 games 7.70 8.00 0.30 Summer League Play - 3 Games 6.70 7.00 0.30 Resident Annual Locker Rental 20.00 20.00 0.00 Non-Resident Annual locker Rental 25.00 25.00 0.00 Shoe Rental - Resident 1.50 1.75 0.25 Shoe Rental - Non-Resident 1.50 1.75 0.25

Capital Funding

Asset Preservation Fees (APF) Capital Dividends and Interest on Funding Reserve Fund Sources Excess of Operational Revenue / Income

Asset Preservation Fee

Asset Preservation Fee Revenue Calendar 2016-2019 2019 2018 2017 2016 - 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000 5,000,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec