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Committee reviews operating budget drivers; APF and dues increases recommended for board consideration
Summary
Budget staff presented the FY25–26 operating budget outlook, highlighting inflation, wages, pools operating costs, and reserve modeling. The committee generally supported assumptions including a 4% wage pool, projected 1,100 APF transactions and recommended board review of a proposed $200 APF increase and a proposed 4.9% member-due increase.
Sun City West finance staff presented the proposed FY25–26 operating budget to the Budget & Finance Committee, emphasizing inflation and wages as the primary budget drivers and identifying areas of pressure such as pools, wages and health insurance.
“Inflation and minimum wage are huge budget drivers for us,” Director of Finance Cliff (staff) told the committee, presenting historical data and wage-survey comparisons. Cliff said the association’s wages are approximately 12% below market average on comparable surveys and that the FY25–26 budget includes a 4% salary pool to address cost-of-living and merit adjustments.
Cliff provided a facility-focused cost breakdown to illustrate operating pressure. Pools…
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