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Sun City West reports audit clean bill, moves to shift reserve investments toward equities
Summary
Governing board heard a clean audit, projected strong reserve fund performance and approved budget spending authority; budget and finance committee backed a policy change raising the long‑term equity target from 10% to 25%.
Sun City West’s governing board reported a clean financial audit and projected year‑end gains to its reserve fund, and directors approved motions authorizing planned expenditures and procurement for the 2025–26 budget.
The association’s chief financial officer, Cliff Swan, told owner‑members the external audit produced “the highest level of assurance and a non‑modified opinion” and summarized projected year‑end positions for operating and reserve funds. Swan said investment returns and budget savings are expected to leave the reserve fund near $29.3 million after roughly $10.1 million in capital spending, and he added plainly: "It's all about the cash."
The budget and finance committee, chaired by…
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