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CFO reports midyear revenue gains at Sports Pavilion; rate comparison with Sun City to inform FY25–26 budget
Summary
At the committee's February meeting, the CFO reported revenue through December was favorable to budget and year-over-year, and staff presented a preliminary rate-comparison with neighboring Sun City as part of the FY25–26 budgeting process.
At its February meeting the Sun City West Sports Pavilion Bowling Committee heard a financial update showing revenue gains year to date and a preliminary comparison of facility rates with nearby Sun City as staff prepare the FY25–26 budget.
Mr. Swan, identified in the meeting as the pavilion's chief financial officer, reported that through December revenue was "$4,051,000 over budget for the year so far." He said expenses showed a small unfavorable variance and that operating cash inflow was positive year to date: "On the expense side, a little negative variance to budget of 18,000... a total of 33,000 year to date favorable in the operating cash inflow... overall, a $78,000 cash inflow, in the current year versus a $3,000 cash outflow year to date through December," Swan said.
Swan and committee members discussed sources of the revenue increase. The presentation noted 23,000 more lines of bowling than the prior year and a 21% overall increase in bowling revenue, with an approximately 19% increase in league revenue. Committee questions cited increased open-play usage and closures in the prior year as contributing factors. A committee member asked about the distribution of member versus guest open play; staff said additional operational data would be provided on request.
Staff also presented a preliminary rate-comparison with Sun City. Gary Zarek, Sports Pavilion staff member, said Sun City had recently raised resident and shoe-rental rates in January and that Sun City rates were "still a little bit cheaper than ours," but that the comparison was new and no decisions had been made: "This isn't a 1 time shot... it will come back to the committee or it'll go to the budget where we'll have our opportunity to review it then as well."
Swan told the committee that the pavilion budget for the coming year includes capital work and that pricing will be one of several factors used to help replenish reserves: "There's 1 almost 1,200,000.0 in capital improvements in this in the sports pavilion and the bowling center in the budget for next year... we still have to replenish the reserve fund." The committee was told that rate proposals would be incorporated into the budget package presented in March and that no final rate adjustments were made at the meeting.
No formal rate changes or budget votes were taken at the meeting. Staff committed to provide requested breakdowns—such as the resident/nonresident mix in leagues—and to include fee considerations in the FY25–26 budget presentation.
