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November year-to-date finances: rounds behind budget but income from operations favorable
Summary
Finance staff reported Nov. year-to-date golf division results: rounds are behind budget, but card revenue and expense savings left operations $316,000 favorable overall through November.
Finance presenter Cliff Swan delivered the November year-to-date financial report to the Sun City West Golf Committee on Jan. 9, saying rounds were behind budget but operating results remained favorable.
Swan told the committee the division budgeted an aggressive 320,000 golf rounds for the fiscal year and was approximately 3,200–3,300 rounds behind budget through November. He said year-to-date golf-card revenue was about $37,000 favorable and that nonmember greens fees contributed to a year-over-year increase in greens-fee revenue.
On expenses, Swan said repairs and maintenance were favorable this year because significant rolling-stock repairs occurred in the prior year; he cited $415,000 in favorable expense variance at the time of the presentation and said overtime savings also helped. Swan summarized: “income from operations [is] pretty good at $316,000 favorable.”
Committee members asked about minimum-wage impacts and whether another increase was expected; Swan said a $0.35 minimum-wage increase was scheduled and staff included that projection in planning. He also said December results had slipped slightly from the November snapshot and that staff would monitor trends as the community enters the busiest months for rounds.
Swan said staff will present golf-rate comparisons with surrounding courses in February and show a first draft of proposed rates and the operating budget in March as part of the 2025–26 budget process. The committee did not take formal action on the financial presentation at the Jan. 9 meeting.
