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RCSC treasurer reports positive operating excess but income shortfalls tied to golf
Summary
Treasurer Anita Borsky reported April results showing a $534,896 operating excess for the month and year-to-date operating excess of $3.1 million, though year-to-date income is $593,739 under budget largely because golf income trailed expectations.
Treasurer Anita Borsky presented the board with April financial results showing an operating excess for the month and favorable year-to-date operating excess despite revenue shortfalls in some areas.
"The balance of unrestricted funds as of April 30 was 14,300,000.0, which includes a $2,500,000 cash reserve," Borsky reported. She said the Preservation (PIF) fund balance was $40,900,000 and the…
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