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G. 5S <br />Pinewood Golf Course 2017-2018 <br />Elk River Golf Club <br />2017 Management fees from city <br />2018 Management fees from city <br />2017 Net loss <br />2018 Net profit <br />Total Income for 2017-2018 <br />City of Elk River <br />2017 Management fee paid to ERGC <br />2018 Management fee paid to ERGC <br />Other 2017 Expenses <br />Other 2018 Expenses <br />Well repair <br />Total Spent by city in 2017-2018 <br />If NO Management fee paid by city for 2017-2018 <br />Elk River Golf Club profit $29,931.45 <br />City of Elk River expense $19,164.21 <br />Going forward <br />*ERGC leases Pinewood for $1 per year <br />*ERGC gets all revenue, all expense <br />*City pays NO management fee <br />*City and ERGC work out cost sharing plan <br />for irrigation and club house expenses <br />24,000.00 <br />24,903.00 <br />-11,124.85 <br />41,056.30 <br />$78,834.45 <br />24,000.00 <br />24,903.00 <br />4,103.08 <br />3,524.38 <br />11,536.75 <br />$68,067.21 <br />