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Golf division finishes FY24–25 with revenue shortfall offset by expense savings, CFO reports
Summary
CFO Cliff Swan told the committee the golf division missed revenue targets by about $500,000 due to lower rounds but achieved expense savings that left the division about $127,000 above budget for the year.
Cliff Swan, chief financial officer for Sun City West Recreation Centers, presented the golf division’s fiscal year 2024–25 results to the Golf Committee on Sept. 11.
Swan said revenue finished about $500,000 below budget on a $12.5 million budget primarily because rounds played trailed projections by 5,794 rounds, and Echo Mesa experienced an early closure. “We had some weather events. We also had the early closure of Echo Mesa, and we just weren't able to catch up…
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