Cedaredge taxpayers have contributed another $12,000 toward keeping the golf course in business following action by the town board on Jan. 19.
In order to "keep the golf course from being short of cash at the end of 2016" said Town Administrator Katie Sickles, the trustees approved another infusion of funds into operations there. The $12,000 transferred from tax money in the general fund is in addition to other golf course subsidies approved during 2016: an $81,000 loan to the golf course from town water customers that was written off; another $8,000 in cash from the water fund; and $8,000 cash from the town's sewer customers out of the wastewater treatment fund.
The $12,000 transfer was approved on a 5-1 vote with trustee Dayton Myers voting "no." Trustee Larry Smith was absent.
The accounting for Cedaredge golf course subsidy payments has often been complex involving loan arrangements or the "sale" of water share assets between town budget funds. The latest subsidy payment is also a complex one.
Town Hall charges the golf fund $1,000 per month to pay for the accounting work the office staff does for the golf course. The $12,000 that the golf course paid for the accounting services in 2016 has now been refunded back to the golf course, meaning that taxpayers funded that portion of golf operations for all of 2016.
The golf operations shortage that needed to be covered this time was $9,000, but the entire $12,000 was transferred anyway, Sickles explained.
Trustee Al Smith asked if the transaction was just an accounting ledger entry. Sickles explained that the $12,000 transfer involves actual cash money. She also told trustees that other ways of funding the golf course shortage would be to transfer ratepayer or taxpayer money from some other town budget fund or to go out and borrow the money.