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Sun City West reports small year‑to‑date operating shortfall; reserves, golf revenue and APFs highlighted
Summary
CFO Cliff Swan told the governing board the association was roughly on budget for December with a modest year‑to‑date operating deficit, stronger-than-expected investment income and capital plans centered on irrigation projects.
CFO Cliff Swan told the Recreation Centers of Sun City West governing board on Jan. 23 that the association finished December largely on budget but showed a small year‑to‑date operating deficit.
Swan said the association posted a $32,000 unfavorable result for the month on about $2.8 million in revenue, and that golf — a major amenity — ran a $53,000 deficit for the month. He said golf rounds through December totaled about 125,000 against a 320,000‑round annual budget and that golf generates significant revenue in the spring and early summer months.
The nut graf: while operating results through six months showed a modest…
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