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File Number: 22-687 <br />Financial Impacts <br />AGC’s Incentive Management Fee is $250,399.82 for Fiscal Year 2021-2022. On June 21, <br />2022, Council approved an appropriation of $116,350 in the Shoreline Enterprise Golf Course <br />Fund FY 2022-2023 budget (596-56-001-5890). Appropriation requested by this action is for <br />$134,049.82 from the unrestricted funds in the Shoreline Enterprise Golf Course to Account <br />596-56-001-5890. Monarch Bay Golf Club revenues will offset the cost of the fee. <br />This Council action will require an appropriation of $134,049.82 that will draw down the Shoreline <br />Enterprise Golf Course Fund’s undesignated fund balance. The Golf Course Fund maintains <br />sufficient funding available after this action if Council approves. <br />ATTACHMENTS <br />Attachment A: Resolution of the City of San Leandro City Council to Authorize an <br />Appropriation of $134,049.82 from the Shoreline Enterprise Golf Course Fund (596) and to <br />Approve a $250,399.82 Disbursement for Fiscal Year 2021-2022 for American Golf <br />Corporation’s Incentive Management Fee for the Management of Monarch Bay Golf Club <br />Attachment B: American Golf Corporation Invoice No. 20220630-1632 <br />Attachment C: Management Agreement Monarch Bay Golf Club: City of San Leandro and <br />American Golf Corporation <br />PREPARED BY: Liz Jimenez, Public Works Services Manager, Public Works <br />Page 3 City of San Leandro Printed on 12/14/2022