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Pleasant View committee reviews 2026 budget, projects draw on capital reserves for maintenance and equipment
Summary
The Pleasant View Golf Committee reviewed unaudited 2025-year-to-date financials and a draft 2026 budget, noting roughly $4.5 million gross revenue, about 85,000 rounds played this year, and plans to draw on capital reserves for a maintenance building and battery-powered equipment purchases.
Jeremy, who led the financial update, told the Pleasant View Golf Committee the course is having a strong year on the revenue side and that the draft 2026 budget is in good shape. “We are, you know, about a $4,500,000 gross revenue, which [is a] pretty pretty good year, all things considered,” he said.
The committee heard membership revenue is up by about $50,000 compared with the prior year and that greens fees are roughly 15% over budget with October still to be booked. Jeremy said the course recorded approximately 85,000 starts this year, a number that surprised him given recent interval timing changes.
On expenses, Jeremy reported some line items over budget: part-time wages (LTEs) are slightly higher, clubhouse maintenance exceeded expectations after a wall leak and mold remediation, and hard goods revenue is about $20,000 under budget, which he partially attributed to competition. “If hard goods are down, meaning revenues, then the cost of goods sold are also down,” he said.
The committee discussed pricing strategy: rather than increasing peak green-fee rates, Jeremy said the staff plans to raise the minimum dynamic price (example cited: move a $44 minimum to $49) and to align pass-holder pricing with comparable local courses.
Jeremy flagged planned capital uses and timing: the committee expects to owe the city of Middleton roughly $143,000 in gross receipts-related payments and about $450,000 to close an advance from the TID/District 3. He said the committee anticipates drawing about $746,000 from capital reserves this year to cover delayed maintenance building costs and other capital acquisitions. “We’re gonna come in, you know, $746,000 taking out of our capital reserve,” he said.
Members were advised these financials are unaudited and approximate, and that final approvals tied to specific purchases will be brought back for committee action if needed. The committee discussed scheduling a December 15 contingency meeting and a tentative January 12 meeting to handle any time-sensitive procurement approvals before vendor deadlines.
The committee did not take final budget-approval votes during the meeting; members were told the common council will consider final budget actions at its upcoming meeting.
