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5A i-�- ooh Kaawach, CJ From: Bowman, Rebecca Sent: Wednesday, January 24, 2018 12:49 PM To: Kaawach, CJ Subject: FW: Casselberry Golf Course Attachments: Casselberry Funding Request.pdf CJ — We sent more money to the golf course that reduced the available budget. Can you please prepare an agenda item for another $75K to provide for future transfers of money to the golf course at the next available meeting? Rebecca Bowman MBA, CGFO, CGFM Finance Director 95 Triplet Lake Dr. Casselberry, FL 32707-3252 Phone: 407-262-7700 x1139 City of Casselberry Fax: 407-262-7746 rbowman@casselberry.orq www.casselberry.orq City Hall Hours Monday - Thursday: 7:OOam - 6:00pm Friday - Sunday: Closed From: John Fogel [mailto:john@cypressgolfmanagement.com] Sent: Tuesday, January 16, 2018 12:48 PM To: Bowman, Rebecca <RBowman@casselberry.org>; Conroy, Carol <cconroy@casselberry.org> Cc: 'Blake Sampson'<blake@cypressgolfmanagement.com>;'Shannon Davenport'<sdavenport@golfenterprises.net> Subject: Casselberry Golf Course Rebecca, Attached please find the current aging payables report for the golf course. Currently there is about $28,650 in the bank account, we are forecasting revenues of about $22,000 between now and 1/31 which would give us a total of $50,650. The forecasted remaining expenses for January total approximately $32,091 (see attached) and we are forecasting the Which leaves us a cash surplus of approximately $18,559. For February we are forecasting the club to do about $60,000 in revenues, we are forecasting about $62,500 in expenses and we are forecasting February Cost of Sales at about $5,000 which would leave us with available cash of approximately $10,500 for the month. We have an accounts payable of which $21,000 plus is for the carts lease. We would like to start working down that balance as you requested so we are anticipating an accounts payable aging report of approximately $41,000 (see attached). Taking the cash balance for the two months of $11,059 less $41,000 in payables payments the club will require funding of approximately $30,000 to pay the current payables and get the cub thru operations until the end of February. Part of the attachment is the numbers details outlined above. If you have any questions please feel free to contact me.