The Ponds at Battle Creek Financial Information

Operating results and debt service* 2009-2018

Scroll table right to see more
Year 2009 2010 2011 2012** 2013 2014 2015 2016 2017 2018
Operating total $449,980 $431,206 $398,977 $330,364 $433,595 $445,710 $474,509 $457,443 $473,217 $442,879
Operating expense ($413,980) ($432,579) ($435,697) ($430,438) ($440,547) ($439,845) ($467,430) ($467,897) ($487,392) ($439,210)
Operating margin (loss) $36,000 ($1,373) ($36,720) ($100,074) ($6,952) $5,865 $7,079 ($10,454) ($14,175) $3,669
Bond interest expense*** ($125,481) ($121,881) ($112,732) ($95,319) ($79,233)        -        -        -        -        -
Profit (loss) ($89,481) ($123,254) ($149,452) ($195,393) ($86,185) $5,865 $7,079 ($10,454) ($14,175) $3,669
Bond principal repayment
Bond principal repayment*** ($150,000) ($155,000) ($160,000) ($170,000) ($130,000)          

 

*These financial results do not include Capital Project Spending or an Annual Capital Reserve Amount. Capital Projects are financed through the county's Regular Capital Budget process and are financed with non-golf course revenue.

**The driving range was out of operation in 2012 due to storm damage.

***The Ponds at Battle Creek was transferred into the General Fund at the end of 2015 and the debt service was forgiven and removed from the Ponds budget. In 2014, funds were transferred from the county's Debt Service Fund to cover the required principal and interest payment ($225,464 total).