Oak Hills posts $706,000 net income; committee asks for multi‑year capital plan

Oak Hills Park Authority reported $2,717,000 in total revenue for the fiscal year ending June and ended the year with $866,000 in cash on hand, Authority representative Alan Dutton told the Finance and Claims Committee on Sept. 11. The authority recorded $706,000 in net income after paying lease and debt costs and capital expenditures.

The committee asked why the authority was holding a large cash balance instead of using it to reduce debt or accelerate deferred maintenance. Dutton said the authority paid $133,000 to the city based on 46,000 rounds played, $157,000 toward commercial debt and leased equipment, and spent about $300,000 on capital projects including the first phase of a trap/bunker renovation program. After those outlays, the authority planned to…