Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Treasurer reports golf revenue shortfall; board told cash and PIF balances remain strong
Summary
RCSC Treasurer reported a monthly golf revenue shortfall but said year-to-date results and investment income cushion operations; cash, PIF and SIF balances were given and staff explained differences between month and year-to-date figures.
Treasurer Borsky reported the recreation centers are tracking below budget on golf revenue for the month, but overall balances remain substantial and investment earnings are higher than expected.
"I'm not going to read [the report] this time, but it will be filed for audit," Treasurer Borsky said, noting that most of the organization’s red numbers are occurring in golf but that year-to-date income remains higher than last year.
Borsky gave specific balances: a cash…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
