I have to cite Bethpage as an example of a very-well run (post 1999) muni complex.
Granted, it is easier to look at the complex post it's selection for an Open, but it always appears to me that Bethpage has gotten the job right of managing throngs of public golfers across multiple courses with a pleasant-enough experience and principle of using at least a good portion of the attraction and proceeds from the Black Course to maintain and upgrade the remaining facilities.
I don't know enough of the cash flow intracies to accurately judge the macro effect of Bethpage within the NYS recreation department, but the place seems to run better each year I visit.
Another example of a good muni would be the Aspen Muni. It is well run, efficient and profitable, enjoyable and a very strong community asset that permits the less-than-billionaire population ample access and preference.The course, already in a difficult maintenance environment, has little, if any, in the way of great architecture, but it does a great job of presenting marvelously sloped, tricky, and lightning quick poa annua greens that defend the course and make the day challenging.
IMHO, it is often the simplest,well-run, yet partly-elegant(views and greens) Muni (like Aspen's) that works the best.