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CFO: Sun City West reserve fund positive; district moving reserve study into software
Summary
CFO Cliff Swan reported a favorable year-to-date financial position, investment gains in the reserve fund, and an ongoing conversion of a large reserve-study spreadsheet into a software package to better manage capital assets.
Cliff Swan, chief financial officer for Sun City West, told attendees the recreation district entered the midyear point “in really good shape,” reporting about $740,000 favorable year-to-date driven by expense savings that offset a modest revenue shortfall.
Swan said the reserve fund produced approximately $609,000 in investment income year-to-date and that total valuation gains left the…
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