Every year the Exchange City Golf Corporation (ECGC) is required to submit an annual budget to the City Council for approval in December or around the 1st of the year. The proposed budget for the 2015 operating year is being submitted by the ECGC Board of Directors for consideration for approval. The annual distribution of net profit is declared by the ECGC Board of Directors based on: 1st meeting the expenses of the operation; 2nd paying for the debt retirement; 3rd providing reserves for the operating expenses; 4th to provide a reserve for the proposed capita expenditure included in the proposed budget; 5th providing the net profit distribution to the City and the Downtown Exchange Club on a 2/3-1/3 basis, respectively, as outlined in the operating contract between the City of Billings and the ECGC. The 2015 proposed budget was reviewed by the Billing Parks, Recreation, and Cemetery (PRC) Advisory Board on December 10th, 2014. The PCR Board recommends the ECGC budget for 2015 be adopted as presented.   

The proposed budget and fee structure is attached for your review.

City Council may:

• Approve the proposed ECGC 2015 annual budget and fee structure. (recommended) 


• Approve the proposed ECGC 2015 annual budget and fee structure with requested changes.

The proposed budget and fee structure includes a $1.00 increase in green fees and a $0.50 increase in the jumbo size container of golf balls at the driving range. The last fee adjustment in greens fees was in 2012. ECGC has indicated that the annual distribution will be $14,000.00 for the City of Billings, down from the 2013 distribution of $16,000.00.    

Staff recommends approval of the 2015 ECGC annual budget and fee structure as presented.