March 26, 2015 – As the Callippe Preserve Golf Course is approaching its 10th year in operation and with the economy showing greater improvement, members of the Pleasanton Parks and Recreation Commission decided earlier this month that it was time to raise green fees to help pay for increased course operating costs.
The new fees, totaling $1 across the board for Pleasanton residents and non-residents, will take effect May 1 and will provide $55,156 in additional annual revenue.
This fiscal year, annual operating costs at Callippe are projected to be $3.8 million with net revenues of $4.1 million. The additional revenue will help pay for capital improvements that will reduce contributions from the city’s General Fund.
When the course was opened in 2005, much of the financing came from $25 million in bonds. When fully paid off in 2032, the course would become entirely self sufficient. But with ample reserves, the city paid off those bonds in June 2013, making the city debt free on its capital projects. Self-sufficiency for Callippe came early, which necessitates the green fee increase.
The golf fees were last adjusted two years ago, with the commission deciding to wait until now to adjust them once again as the gap between revenue and costs narrows.
Only the green fees are being raised; golf cart rentals and driving range balls are not affected. Currently, a cart is $15 and $12 during twilight hours. Cart rates were last increased in 2008 when GPS dev.
