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May financials: parks report $2.1M year-to-date surplus; golf posts a $525,000 monthly gain
Summary
At the June 11 meeting Rich Lentz told the Spokane Park Board that parks are tracking ahead of budget with about $2.1M in excess revenue year-to-date; golf reported a $525,000 net gain for May and rounds through May are about 65,000.
The Spokane Park Board on June 11 received May financials showing parks year-to-date revenues outpacing expenses by roughly $2.1 million and a strong month for municipal golf.
“Revenues exceed expenses by about 2,100,000,” Rich Lentz said as he walked the board through May results, noting May is traditionally a strong month because of an extra pay period and lower seasonal expenses.
On golf, Lentz reported a net gain of $525,000 for May, about $400,000 higher than last May, driven by expense control, lower capital spending and increased greens fees and rounds. “Through end of May, just over 65,000, which is 5,000 ahead of last year,” he said, calling last year a record and highlighting that an early season opening contributed to the increase.
Board discussion underscored that the enterprise funds and fleet program are being actively managed; the parks enterprise fleet program has shortened the average holding period and reduced annual maintenance costs compared with pre-2019 levels.
Next steps: finance committee will continue monitoring cash flow and capital timing, and staff noted the first facility improvement fee payment (about $388,000) will be drawn in June.
