Commissioners Court Meeting

Issue viewing agenda items? Click here to switch to the old format.

Return to the Search Page Return to the Agenda

Meeting Date:	06/22/2020
Cost Of Sales
Submitted for:	Oscar Urdiales	Submitted By:	Oscar Urdiales
Department:	Casa Blanca Golf Course

Subject:

Discussion and possible action to approve additional funding in the amount of merchandise cost of sales accounts at the golf course in the amount of $12,000 due to strong sales and demand for merchandise; and any other matters incident thereto. [Account #1001-1130-001-431007-010 (Operational Reserve)]

Issue: Through June 10th, the golf course had merchandise revenue of 36,308.71 vs a full year budget of $37,500. The cash basis cost of merchandise for the period was $26,477.82, for gross profit of $9,830.89 and a cost sales of 73% which is within tolerance of industry norms and is presented on a cash vs. accrual basis.- We believe the accrual basis would be a lower cost of sales. In order to support anticipated additional sales in the range of $20,000.00 this fiscal year, additional merchandise is requested for the designated account in 7100-9110-001.

Solution: Fund accounts as noted above.

Result: Additional sales and profits relative to original budget will be achieved.

Background:

See Above

Previous Court Action:

Fiscal Impact

Budget Account Number:	7100-6110-001-040
Funding Source:	3000.00
Balance:	3641.72
Financial Impact:
A positive impact to the general fund from more profit from golf course merchandise sales