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Crestview Unlimited reports rising golf revenues, discusses nets and possible sale
Summary
City staff told the Crestview Unlimited meeting that the golf course’s operating revenue rose in 2024 and produced about a $45,000 operating surplus; staff described accounting reclassifications, confirmed nets have been installed on problem holes and the driving range, and said sale to a private operator has been discussed but is not imminent.
City staff reported at a Crestview Unlimited meeting that the city-owned golf course’s operating revenues increased in 2024 and produced an operating surplus, and councilors and residents raised questions about safety netting and whether the city might sell the property.
The city staff member presenting the financials said operating revenues for 2024 were reported as 1,194,846, an increase of about $205,000 from 2023, and that operating expenses rose to 1,143,150, leaving “actually, a $45,000 profit in the golf course.” The presenter said auditors required an accounting change in 2023 that reclassified golf carts as fixed assets; that reclassification made last year’s fund position look worse on paper and explains much of the prior-year shortfall.
The point of the presentation, the staff member said, was to show whether “operating revenues exceed the…
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