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The transfer out to Pinewood Golf will be made at the end of the year when all <br />revenues and expenditures are finalized. <br />Ice Arena <br />For February, revenues exceeded expenditures by $96,265. Revenues axe almost 25% of <br />budget due mainly to ice rental, recreation fees and concessions while expenditures are <br />slightly over 13% of budget. <br />Pinewood Golf <br />Revenue collections consist of league registrations for summer programs and expenditures <br />are slightly over 6% of the budget due mainly to personal services and insurance. <br />